Mr Green: The improvement continues
Research Update
2016-11-08
10:53
Our confidence in the initiated turnaround of Mr Green has increased after the Q3 report. This was the first quarter, in almost three years, where we saw a rising year over year revenue growth. Active customers and Deposits also rose significantly, which indicate that the income uptake is not just a temporarily upswing. Just recently Mr Green launched a branded Live Casino; this is the second product enhancement in a short period. Both Live Casino and the Sportsbook will be key drivers of the future sustainable growth for the company. The listing on Nasdaq Stockholm continues with a high priority. We make some minor estimate adjustments, mostly on the cost side, and reiterate our fair value estimate of 63 SEK per share.
KL
Kristoffer Lindström
Disclosures and disclaimers